Hurricane Mitch Was the Most Devastating Storm to Ever Hit

question 80

Multiple Choice

Hurricane Mitch was the most devastating storm to ever hit Central America.Roger,a salesperson for Dempko Chemicals in Granada,proactively arranged transportation facilities to deliver chemicals to the factory of his major client,Quimico Factories.This prevented the stalling of factory operations during Hurricane Mitch.Identify the stage of relationship between Dempko Chemicals and Quimico Factories in this scenario.

• A) Expansion
• B) Dissolution
• C) Commitment
• D) Awareness
• E) Exploration

Understand the impact of the Internet on the growth of online retailing and banking and its implications for float management.

Identify and explain the components of collection time.

Analyze the basic characteristics of short-term securities.

Comprehend how zero balance accounts operate in conjunction with a master account.

---

Definitions:

Strike Suit

In corporation law, a derivative suit motivated primarily by an intent to gain an out-of-court settlement for the suing shareholder personally or to earn large attorney’s fees for lawyers, rather than to obtain a recovery for the corporation.

Derivative Action

A lawsuit brought by a company shareholder on behalf of the corporation against a third party, often insider directors or managers, alleging harm to the company.

NewAge Inc.

NewAge Inc. is a company that may focus on providing innovative products or services, typically operating in industries characterized by new technologies or emerging market demands. (Note: Further specifics would depend on the current context of "NewAge Inc." as it may refer to a specific, real company or a hypothetical entity).

Derivative Suit

A legal action brought by shareholders on behalf of a corporation against parties allegedly causing harm to the corporation.